FTSE 100 Poised to Fall After Downbeat Asia Trading
0735 GMT - The FTSE 100 looks set to open 19 points lower at 7457, according to IG futures data, after downbeat trading in Asia. Markets in Australia, mainland China, Hong Kong and Japan all trade in the red and the Dow fell 0.9% Friday. Brent crude gains 0.5% to $76.51 a barrel. European markets posted their first significant weekly loss last week since October, as did U.S. markets, as concerns over a slowing economy and the future pace of interest rates rises weighed on sentiment, CMC Markets says. "This late Friday slide in the U.S. looks set to weigh on today's European open," CMC analyst Michael Hewson says in a note. (philip.waller@wsj.com)
Companies News:
Metro Bank Fined GBP10 Mln for Publishing Incorrect Information, FCA Says
The U.K. Financial Conduct Authority on Monday said it has fined Metro Bank PLC 10 million pounds ($12.3 million) for publishing incorrect information to investors in 2018.
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Oxford Cannabinoid Technologies Budget Review Mean Funds Will Last Longer
Oxford Cannabinoid Technologies Holdings PLC said Monday that a budget review disclosed in August means funds that would have been used by April will now last until the fourth quarter of 2023, while operational progress has met expectations.
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K3 Capital Sees 1H Revenue Rising, Confident in Full-Year Expectations
K3 Capital Group PLC said Monday that it expects to report a rise in revenue for the first half of fiscal 2023 and it will deliver full-year results in line with its expectations.
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Fevertree Drinks to Appoint Domenic De Lorenzo as Nonexecutive Chair
Fevertree Drinks PLC said Monday that it has appointed current Nonexecutive Director Domenic De Lorenzo as nonexecutive chair, to take effect following the company's annual general meeting in May 2023.
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Springfield Properties Sees FY 2023 Pretax Profit Slipping Despite Expected Revenue Rise
Springfield Properties PLC said Monday that it expects to report a strong revenue increase for the first half, but reservations have been hit by economic uncertainty and it expects full-year pretax profit to fall.
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Tristel Sees 1H Revenue Increase, Return to Prepandemic Growth Trajectory
Tristel PLC said Monday that revenue for the first half of fiscal 2023 is expected to rise as the group returns to its prepandemic growth trajectory, and it is confident in navigating through the economic backdrop.
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Metro Bank Fined GBP10 Mln for Publishing Incorrect Information, FCA Says
The U.K. Financial Conduct Authority on Monday said it has fined Metro Bank PLC 10 million pounds ($12.3 million) for publishing incorrect information to investors in 2018.
---
Oxford Cannabinoid Technologies Budget Review Mean Funds Will Last Longer
Oxford Cannabinoid Technologies Holdings PLC said Monday that a budget review disclosed in August means funds that would have been used by April will now last until the fourth quarter of 2023, while operational progress has met expectations.
---
K3 Capital Sees 1H Revenue Rising, Confident in Full-Year Expectations
K3 Capital Group PLC said Monday that it expects to report a rise in revenue for the first half of fiscal 2023 and it will deliver full-year results in line with its expectations.
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Fevertree Drinks to Appoint Domenic De Lorenzo as Nonexecutive Chair
Fevertree Drinks PLC said Monday that it has appointed current Nonexecutive Director Domenic De Lorenzo as nonexecutive chair, to take effect following the company's annual general meeting in May 2023.
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Springfield Properties Sees FY 2023 Pretax Profit Slipping Despite Expected Revenue Rise
Springfield Properties PLC said Monday that it expects to report a strong revenue increase for the first half, but reservations have been hit by economic uncertainty and it expects full-year pretax profit to fall.
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Tristel Sees 1H Revenue Increase, Return to Prepandemic Growth Trajectory
Tristel PLC said Monday that revenue for the first half of fiscal 2023 is expected to rise as the group returns to its prepandemic growth trajectory, and it is confident in navigating through the economic backdrop.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
12-12-22 0305ET
